Page 11 - NorthAmOil Week 49 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

of agreements with Coterra Energy and
Dominion Energy Virginia establishing the
industry’s first next generation natural gas
certification process across all segments of
the value chain from production through
gathering and transmission with deliveries
through 2023. Williams is leveraging block-
benefits of delivering safe, low-cost, reliable MOVES chain secured technology via Context
and emissions-reducing water solutions at Labs’ Decarbonization as a Service (DaaS)
scale. In Oklahoma alone, we have collectively HNRC updates shareholders platform to track and measure end-to-end
prevented over 200mn barrels of water from emissions through the aggregation and
being trucked, preserved 30mn barrels of on dividend reconciliation of multiple sources of data to
freshwater from industrial use, and reduced provide a path-specific methane intensity
the carbon footprint of the supply chain by Houston Natural Resources Corp. (HNRC) certification that meets or exceeds industry
more than 50,000 metric tons of carbon – all confirmed today that it will spin off its non- leading measurement protocols. KPMG LLP
while reducing our customers’ water costs by energy assets to its wholly owned subsidiary will perform third-party verification of the
30-50% on average. These numbers improve Worldwide Diversified Holdings and then methane intensity certification and low-
dramatically when you consider the entire dividend them to its shareholders. emission attributes of next gen natural gas.
water midstream industry at large. It is a The dividend will be a stock dividend of “Williams is proud to launch the industry’s
remarkable achievement by a sector that does common shares of Worldwide Diversified first comprehensive next gen natural gas
not get enough credit for bringing innovative Holdings, Inc (WDHI). The dividend date platform to bring greater trust, transparency
solutions to the vital US oil and gas industry. is for shareholders of record on December and transactability to the certified gas market,”
Bison is proud to be a part of it.” 16, 2022, and the anticipated payment date said Chad Zamarin, senior vice president
BISON WATER MIDSTREAM, December 05, is December 30, 2022, subject to an effective of corporate strategic development for
2022 registration statement. Williams. “As we look to a low-carbon energy
The transaction will provide for a stock future, Williams is committed to leading our
dividend of $1.75 of WDHI shares for every industry with credible solutions to benefit our
SERVICES one share of HNRC held by the shareholder customers and their sustainability goals.”
on the record date. “Coterra is pleased to partner with
ProFrac Holding to acquire that, effective June 30, 2022, the board of Williams in deploying this exciting new
The company has previously announced
technology which has the potential to change
Eagle Ford sand mine directors has approved the transfer of the how we measure and report emissions data,”
non-energy investments of $53,307,324 in
said Blake Sirgo, senior vice president of
ProFrac Holding today announced that it has exchange for common shares of Worldwide operations for Coterra Energy. “We remain
entered into a definitive agreement to acquire Diversified Holdings, Inc (WDHI). The focused on being an environmental leader
the Eagle Ford sand mining operations of company received the requisite stockholder and we are optimistic that this reference
Monarch Silica. The transaction is expected to approval granting the board of directors the implementation will further aid Coterra in
close by the end of 2022. authority to affect the transfer of the assets our ongoing efforts to reduce our emissions
Matt Wilks, ProFrac’s executive chairman, and approve the dividend to the shareholders. by developing, adopting and implementing
commented, “We are pleased to add the The transaction is proposed to be a non- innovative technologies and practices.”
Monarch mine to the growing portfolio of in- taxable spin off, meeting the business purpose “Our partnership with Williams and
basin sand mines we operate through Alpine of separating the company’s non-energy Coterra is another important step in reducing
Silica. This transaction further demonstrates assets. emissions across the entire natural gas
ProFrac’s commitment to its vertical HOUSTON NATURAL RESOURCES CORP., value chain,” said Cedric Green, senior vice
integration strategy, providing the Company December 07, 2022 president of power generation for Dominion
with access to high-quality, local proppant in Energy Virginia. “Certified, low-emissions
the Eagle Ford, where we currently operate natural gas is a vital part of achieving our goal
8 active fleets. With Monarch’s production ENERGY TRANSITION of net zero greenhouse gas emissions by 2050.
capacity expected to expand to nearly 4mn We look forward to continuing this and other
tons per year by Q1 2023, ProFrac will be Williams executes innovative partnerships to deliver affordable,
well positioned to bundle internally sourced reliable and clean energy to the customers we
proppant across our active fleets in the agreements with Coterra serve.”
region.” WILLIAMS, December 08, 2022
Winston & Strawn is acting as ProFrac’s and Dominion Energy for
legal counsel on the transaction. Piper Sandler
& Co. served as exclusive financial advisor to delivery of full-value chain
Monarch, and Chamberlain, Hrdlicka, White,
Williams & Aughtry, is serving as Monarch’s certified low emission next
legal counsel.
PROFRAC HOLDING, December 05, 2022 gen gas
Williams today announced the execution

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